Warner Bros. Discovery New Zealand

Warner Bros. Discovery New Zealand

http://www.discoverycorporate.co.nz/

Warner Bros. Discovery New Zealand is a privately owned company founded in 2004 and headquartered in New Zealand. It operates linear television channels within the country. The company is a subsidiary of WBD Networks (Discovery) and owns Freeview NZ. Prior to its current ownership, it operated as MediaWorks TV.

Revenue

Founded

2004

Headcount

-

Headquarters

New Zealand

Primary Segment

Other

Ownership

Privately Owned

News Summary:

Sky Network Television Limited acquired Warner Bros. Discovery Inc.'s New Zealand subsidiary, Discovery NZ Limited, for $1. The transaction, involving 100% of Discovery NZ's shares, was announced and completed on August 1, 2025. Following the acquisition, Sky NZ rebranded Discovery NZ to Sky Free and made executive changes. In 2024, Discovery NZ reported a NZ$77.6 million after-tax loss. Discussions regarding a new deal are underway, following Sky's 2019 agreement with New Zealand Rugby.

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Aug

18th

2025

21:30

Financial Results

Five things to look for in Sky TV’s full-year result

The dividend, earnings guidance, advertising, new satellite gremlins and the Discovery NZ deal will also be in the frame. By one measure, talks are now in extra time. Sky reached its 2021 to 2025 deal with New Zealand Rugby (NZR) – worth a reported $111 million per year (from the pre-Spark Sport $50m for the previous five-season contract) – in October 2019.

Aug

14th

2025

20:46

CT_Monitor Company

Sky NZ rebrands Discovery NZ to Sky Free as chief media and data exec exits

Sky NZ rebrands Discovery NZ to Sky Free as chief media and data exec exits Sky New Zealand is realigning with branding and executive changes in the wake of its acquisition last month of Warner Bros Discovery NZ.

Aug

8th

2025

18:30

Divestiture, CT_Monitor Company

MEDIAWATCH: Will Fox News buy up Sky NZ?

Sky TV to buy Three owner Discovery NZ for $1 One fear with Sky NZ buying TV3 for $1 is that Sky NZ now looks far more attractive to Fox News. They were in town last year sniffing around when Newshub was dying… Top Rupert Murdoch TV exec meets PM Christopher Luxon amid media turmoil; …while buying Newshub was too small fry for Fox News, owning free to air combined with the entire pay TV industry is certainly something they would be interested in.

Aug

1st

2025

04:06

Financial Results, CT_Monitor Company

Sky Network Television says Discovery NZ reports NZ$77.6 million after-tax loss in 2024

Sky Network Television Ltd: Discovery NZ reports NZ$77.6 million after-tax loss in 2024 Sky completes acquisition of Discovery NZ Limited ... -August 01, 2025 at 12:06 am EDT - MarketScreener

Jul

23rd

2025

18:30

Divestiture, CT_Monitor Company

Law Business and Media – MinterEllisonRuddWatts advises Warner Bros. Discovery on sale of Discovery NZ to Sky

Source: MinterEllisonRuddWatts MinterEllisonRuddWatts is pleased to have advised Warner Bros. Discovery, Inc. on the sale of its New Zealand subsidiary, Discovery NZ Limited, to Sky Network Television Limited (Sky). The transaction, announced this week, involves the sale of 100% of the shares in Discovery NZ to Sky, with completion expected on 1 August 2025.

Jul

23rd

2025

02:19

M&A Activities, CT_Monitor Company

Industry shock as free-to-air network is sold for just $1

In a major shake-up of New Zealand's media landscape, Sky TV will buy Warner Brothers Discovery (WBD)'s free-to-air network for just one dollar. The announcement was made to the New Zealand stock exchange on Tuesday. Sky TV, which operates a pay-to-view service similar to Foxtel in New Zealand, will acquire all of WBD's television channels, including Three (formerly TV3), Bravo, Eden, Rush, HGTV, and BVOD catch-up service ThreeNow.

Jul

22nd

2025

17:07

Divestiture, CT_Monitor Company

Discovery deal adds the missing piece for Sky TV, CEO says

Sky TV’s deal to buy Warner Bros. Discovery’s (WBD) local assets will give the company one of the missing pieces in its puzzle – broadcast video on demand (BVOD).

National Business Review

Jul

22nd

2025

14:58

Sky New Zealand acquired Discovery NZ

Sky New Zealand has announced the acquisition of Discovery NZ, the owner of free-to-air channels Three, Bravo, and HGTV, in a deal valued at just NZ$1, according to reports from Sky, RNZ, and Stuff. The symbolic purchase price is paired with a substantial five-year content supply agreement worth US$20 million, reflecting the strategic value of content rights over ownership cost in today’s media landscape.

Jul

22nd

2025

14:14

M&A Activities, CT_Monitor Company

Sky New Zealand Buys Local Warner Bros Discovery Channels For 60 Cents

Sky New Zealand has acquired Warner Bros Discovery‘s local channels business for a token sum of NZ$1 (60¢). The surprise deal will see Sky becoming New Zealand’s dominant TV media player by acquiring 100% of the shares in Discovery NZ from Discovery Networks Asia-Pacific, a subsidiary of WBD, on a cash-free, debt-free basis.

Deadline Hollywood

Jul

22nd

2025

11:14

CT_Monitor Company

Sky NZ adds to FTA armoury with WBD’s Three

Sky NZ is to significantly upgrade its digital and linear free-to-air presence with the acquisition of Discovery NZ’s Three business as key rugby union rights talks near a conclusion.

Jul

22nd

2025

08:35

M&A Activities, CT_Monitor Company

SKY Network Television Limited agreed to acquire Discovery Nz Limited from Discovery Networks Asia-Pacific Pte Ltd. for NZD 1.

SKY Network Television Limited (NZSE:SKT) agreed to acquire Discovery Nz Limited from Discovery Networks Asia-Pacific Pte Ltd. for NZD 1 on July 22, 2025. As part of the acquisition, SKY Network Television will acquire 100% shares in Discovery NZ Limited.

MarketScreener India

Jul

22nd

2025

07:57

Divestiture, CT_Monitor Company

WBD sells New Zealand Discovery channels to Sky

Sky New Zealand and Warner Bros Discovery (WBD) announced that Sky will purchase 100 percent of the shares in the local WBD subsidiary Discovery NZ. The channel owns and operates the channels Three, ThreeNow, Eden, Rush, and HGTV. WBD will retain ownership of its remaining assets in the New Zealand market, including pay-TV channels, streaming service HBO Max and Warner Bros International Television Production (WBITVP) New Zealand.

Examples of Warner Bros. Discovery New Zealand's suppliers include Magna Systems & Engineering and Dorna Sports.

Example Suppliers

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Warner Bros. Discovery New Zealand currently holds 2 broadcasting rights for sports competitions including motorsports.

Example Sports Rights Suppliers

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